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Lawmakers are re-introducing legislation to repeal the deduction cap on state and local taxes

Attorney General Rob Bonta faces criticism for restrictions that caused the collapse of a proposed buyout of a troubled Central Valley hospital.

Texas, Virginia, Idaho, Mississippi, Montana, Nebraska, New Hampshire, South Dakota and Utah, have all signed briefs urging the Court to take on the case.

"I think there is a certain amount of anxiety for New York — and many other states — as federal pandemic funds run out and questions about the potential for a recession emerge," said Evercore's Howard Cure.

A John Miller-less speculative bond market may mean more diversification and price transparency, say some investors.

Daily report for April 14, 2023

For the week ending Wednesday, outflows intensified as Refinitiv Lipper reported $255.794 million was pulled from municipal bond mutual funds after $91.713 million of outflows the week prior. High-yield saw inflows.

Several Midwest hospital mergers that are in the works will contribute to the 2023 numbers while one announced in 2022 just closed.

The New York Fed said the tech sector's employment contraction impact on the New York City economy was unlikely to be significant.

The bill would allow information about the financial impact of ballot measures to be placed in the voter information guide, rather than on the ballot.

The Securities and Exchange Commission will host its Municipal Securities Disclosure Conference May 10

The Southern California Public Power Authority plans to price $700 million in revenue bonds for improvements to a 488-mile power transmission system.

Daily report for April 13, 2023

S&P, Fitch and Moody's have all raised their ratings on the Garden State's general obligation bonds within the last week.

Strong demand in the primary market is leading to the oversubscription of many new issues. Municipals and USTs were better again as macroeconomic concerns pressure equities.

The upgrades add to the city's ratings upswing across credits that Mayor-elect Brandon Johnson will inherit from Mayor Lori Lightfoot.

Through the fiscal year's first eight months, revenues are 17.2% above projections.

Stabilizing pension debt as a share of GDP re-frames the discussion on pension fund problems.

Federal Reserve policymakers scaled back their expectations for rate hikes this year after a series of bank collapses roiled markets last month, and stressed they would remain vigilant for the potential of a credit crunch to further slow the economy, a record of the meeting showed.

Alabama officials and private interests say large reserves of metallurgical coal, a necessary ingredient in steel production, will spell economic fortune.